Technical analysis of oil (Dani Leviant)
Forex indicators used in Technical analysis: MACD, RSI, Ichimoku Kinko Hyo, Equal-channel, Fibonacci lines, Price Levels.
Oil started new week with a slight decrease in the growth of risks and a general strengthening of the US currency.
Brent brand chart (current price: $ 78.30)
Brand Brent is trading with a slight decrease at the opening the day, remaining under pressure from a strong dollar.
- Resistance 1: From $ 79.50 (technical level)
- Resistance 2: From $ 80.00 (psychological level)
- Support 1: From $ 78.00 (psychological level)
- Support 2: From $ 77.50 (technical level)
Computer analysis: Movings Indicators forex Stochastic Oscillator are in the neutral zone, indicating a propensity for growth.
WTI brand chart (current price: $ 73.70)
The WTI brand also opened the week with a decrease in risk growth.
- Resistance 1: From $ 74.50 (technical maximum)
- Resistance 2: From $ 75.00 (psychological level)
- Support 1: From $ 72.50 (technical level)
- Support 2: From $ 72.00 (psychological level)
Computer analysis: Movings Indicators forex Stochastic Oscillator are in the zone of easy overbought, which can limit the growth of quotations.